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Xiaomi Corp. Unsponsored ADR Class B (XIACY)
OTHER OTC:XIACY
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Xiaomi Corp. Unsponsored ADR Class B
(OTC:XIACY)
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Rating:65Neutral
Price Target:
$27.00
▲(0.60% Upside)
The score is supported by strong financial performance (profitable growth, low leverage, and strong free cash flow generation), but is held back by weak technicals (price below key moving averages and negative MACD). Valuation is reasonable/moderate based on the provided P/E.
Positive Factors
Strong cash generation
Sustained FCF expansion and high cash conversion demonstrate durable ability to fund R&D, capex, ecosystem investments and shareholder returns internally. This financial flexibility supports long-term product development and resilience through industry cycles.
Low leverage and solid capital structure
Very low financial leverage and healthy ROE signal prudent balance sheet management, giving Xiaomi capacity to pursue strategic investments, M&A or absorb shocks without large refinancing risk. This underpinning supports multi-year strategic initiatives.
Strategic AI/device partnerships and IoT ecosystem
Engagements to integrate next‑gen agentic AI into devices leverages Xiaomi's broad IoT footprint and could shift value mix toward higher‑margin services and differentiated hardware features, creating durable competitive differentiation if executed.
Negative Factors
Intense competition in smartphones
Being a distant third behind Apple and Samsung implies persistent pricing and feature competition across segments. Sustained investment is required to defend share, which can compress margins and demand continuous product innovation over multiple cycles.
Revenue concentration in smartphones
Heavy dependence on hardware sales exposes Xiaomi to cyclical handset demand, component cost swings and margin pressure. Without faster growth in services and AI-driven offerings, revenue volatility and margin sensitivity may persist over the medium term.
Moderating top-line growth
Recent single‑digit revenue expansion suggests market maturity in key segments. Slower growth makes it harder to scale operating leverage and fund new initiatives from incremental revenue, raising execution risk for transitioning toward services and advanced AI products.
Xiaomi Corp. Unsponsored ADR Class B (XIACY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$129.33B
Dividend YieldN/A
Average Volume (3M)29.50K
Price to Earnings (P/E)20.3
Beta (1Y)0.75
Revenue Growth35.96%
EPS Growth122.67%
CountryUS
Employees43,688
SectorTechnology
Sector Strength88
IndustryConsumer Electronics
Share Statistics
EPS (TTM)0.33
Shares Outstanding4,307,352,500
10 Day Avg. Volume45,033
30 Day Avg. Volume29,501
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)4.30
Price to Sales (P/S)2.22
P/FCF Ratio25.37
Enterprise Value/Market Cap11.38
Enterprise Value/Revenue3.43
Enterprise Value/Gross Profit15.85
Enterprise Value/Ebitda39.79
Forecast
1Y Price Target
$40.00Price Target Upside49.03% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Xiaomi Corp. Unsponsored ADR Class B Business Overview & Revenue Model
Company DescriptionXiaomi Corp. Unsponsored ADR Class B (XIACY) is a leading global technology company based in China, primarily engaged in the design, manufacture, and sale of consumer electronics, smart hardware, and Internet of Things (IoT) products. Founded in 2010, Xiaomi has rapidly expanded its product portfolio to include smartphones, smart home devices, wearables, and various other electronic gadgets. The company operates across multiple sectors including mobile communications, smart home technology, and lifestyle products, positioning itself as a major player in the global consumer technology market.
How the Company Makes MoneyXiaomi generates revenue through multiple key streams, primarily from the sale of its smartphones, which account for a significant portion of its total revenue. The company employs a direct-to-consumer sales model and has a strong online presence, supplemented by a network of retail stores. In addition to smartphones, Xiaomi earns revenue from its wide range of IoT products and smart home devices, which have gained popularity among consumers. Another important revenue stream comes from its ecosystem of services, including software, apps, and value-added services such as cloud storage. The company also benefits from strategic partnerships with telecom operators and other tech firms, enhancing its distribution channels and market reach. Furthermore, Xiaomi's commitment to maintaining competitive pricing while focusing on innovation allows it to capture market share while ensuring healthy margins.
Xiaomi Corp. Unsponsored ADR Class B Earnings Call Summary
Earnings Call Date:Aug 19, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Mar 24, 2026
Earnings Call Sentiment Positive
Xiaomi's earnings call highlighted significant achievements in revenue growth, market leadership in smartphones, and advancements in AIoT and EV sectors. However, challenges in smartphone gross margins and intense industry competition were noted. Overall, the positive aspects of Xiaomi's growth and innovation efforts significantly outweighed the challenges.Q2-2025 Updates
Positive Updates
Record-Breaking Revenue and Growth
In the second quarter of 2025, Xiaomi achieved record revenue of RMB 116 billion, up 30.5% year-on-year, marking the fifth consecutive quarter of record-breaking performance. Adjusted net profit reached RMB 10.8 billion, up 75% year-on-year.
Smartphone Leadership
Xiaomi ranked among the top 3 globally in smartphone shipments with a market share of 14.7%. In Mainland China, Xiaomi ranked first in smartphone sales, and significant market share gains were noted in regions such as Southeast Asia, Europe, and the Middle East.
Strong AIoT Performance
AIoT revenue reached a record high of RMB 38.7 billion, up 44.7% year-on-year. The AIoT division showed strong growth in both China and overseas markets, benefiting from channel expansion and new retail system building.
Home Appliance and EV Growth
Large appliance business revenue grew over 60% year-on-year, with notable increases in air conditioning and washing machines. Xiaomi delivered 81,302 new EVs in Q2, with significant growth in the automotive sector.
Advancements in Technology and Innovation
Xiaomi launched its first self-developed 3-nanometer flagship chip and successfully integrated it into market products. The company also made strides in AI, launching the Xiaomi MiMo-VL/7B model and showcasing advancements in AI glasses.
Inclusion in Fortune 500
Xiaomi was included in the Fortune 500 list for the seventh consecutive year, ranking 297th, an improvement of 100 places from last year.
Negative Updates
Smartphone Gross Margin Pressure
Despite growth in smartphone shipments, Xiaomi faced challenges with smartphone gross margin due to rising costs, particularly in the low to medium-end segments, and a limited number of new product launches in the first half.
Intense Industry Competition
The mobile phone industry has entered a mature phase with little overall growth, leading to intense competition among the top brands and contributing to price wars in the market.
Challenges in Premiumization Strategy
Xiaomi's efforts in premiumization faced challenges with costs increases and market competition, affecting short-term gross margins in the smartphone segment.
Company Guidance
During the Xiaomi 2025 Interim Results Announcement Investor Conference Call, significant financial metrics were highlighted, reflecting the company's robust performance. For the second quarter of 2025, Xiaomi reported a total revenue of RMB 116 billion, marking a 30.5% year-on-year increase, with a gross margin of 22.5%, up by 1.8 percentage points. The adjusted net profit soared to RMB 10.8 billion, representing a 75% year-on-year growth. Xiaomi maintained its top three global position in smartphone shipments, capturing a 14.7% market share. The company also saw a notable performance in its AIoT division, which reported a revenue of RMB 38.7 billion, up 44.7% year-on-year, and its Smart EVs and AI division generated RMB 21.3 billion in revenue. Their R&D expenses reached RMB 7.8 billion, a 41.2% increase, emphasizing Xiaomi’s commitment to innovation. The IoT segment, especially in air conditioning, experienced a 60% year-on-year shipment growth, showcasing Xiaomi's strategic focus on expanding its home appliance market.Xiaomi Corp. Unsponsored ADR Class B Financial Statement Overview
Summary
Xiaomi Corp. exhibits strong financial performance with robust revenue and profit growth, efficient cost management, and solid financial stability. The company shows excellent cash generation and management, positioning it well financially with low risk.Income Statement
Xiaomi Corp. has demonstrated strong revenue growth with a 6.74% increase in the TTM period, reflecting a positive trajectory. The gross profit margin of 21.65% and net profit margin of 8.68% indicate solid profitability. EBIT and EBITDA margins are healthy at 7.46% and 8.89%, respectively, showing efficient operational management. The company has improved its profitability metrics over the years, indicating a robust financial performance.Balance Sheet
The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.11, suggesting prudent financial leverage. The return on equity (ROE) is strong at 17.35%, indicating effective use of equity capital. The equity ratio stands at 52.44%, highlighting a solid capital structure. Overall, the balance sheet shows a well-managed financial strategy with low risk.Cash Flow
Xiaomi's cash flow statement shows a significant improvement in free cash flow growth at 19.33% in the TTM period, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 1.74, reflecting efficient cash conversion. The free cash flow to net income ratio is high at 96.45%, demonstrating excellent cash flow management. The company has effectively turned profits into cash, supporting its financial health.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 428.76B | 365.91B | 270.97B | 280.04B | 328.31B | 245.87B |
| Gross Profit | 92.84B | 76.56B | 57.48B | 47.58B | 58.26B | 36.75B |
| EBITDA | 36.98B | 27.41B | 28.40B | 8.77B | 30.32B | 26.71B |
| Net Income | 37.21B | 23.66B | 17.48B | 2.47B | 19.34B | 20.36B |
Balance Sheet | ||||||
| Total Assets | 481.52B | 403.16B | 324.25B | 273.51B | 292.89B | 253.68B |
| Cash, Cash Equivalents and Short-Term Investments | 111.93B | 101.77B | 107.83B | 67.78B | 86.17B | 95.53B |
| Total Debt | 34.69B | 36.01B | 29.83B | 26.06B | 30.68B | 18.48B |
| Total Liabilities | 228.66B | 213.95B | 159.99B | 129.58B | 155.46B | 129.67B |
| Stockholders Equity | 252.47B | 188.74B | 164.00B | 143.66B | 137.21B | 123.69B |
Cash Flow | ||||||
| Free Cash Flow | 57.43B | 32.00B | 35.03B | -10.19B | 2.62B | 18.85B |
| Operating Cash Flow | 64.82B | 39.30B | 41.30B | -4.39B | 9.79B | 21.88B |
| Investing Cash Flow | -98.22B | -35.39B | -35.17B | 15.55B | -45.01B | -17.68B |
| Financing Cash Flow | 29.98B | -4.00B | -504.97M | -7.85B | 4.50B | 26.22B |
Xiaomi Corp. Unsponsored ADR Class B Technical Analysis
Negative
26.84
Price Trends
26.19
Negative
29.94
Negative
31.62
Negative
Market Momentum
-0.60
Positive
38.30
Neutral
13.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For XIACY, the sentiment is Negative. The current price of 26.84 is above the 20-day moving average (MA) of 25.32, above the 50-day MA of 26.19, and below the 200-day MA of 31.62, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 38.30 is Neutral, neither overbought nor oversold. The STOCH value of 13.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for XIACY.
Xiaomi Corp. Unsponsored ADR Class B Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $148.61B | 18.70 | 14.45% | 0.41% | -2.47% | 6.49% | |
72 Outperform | $3.85T | 34.97 | 171.42% | 0.38% | 6.43% | 22.85% | |
65 Neutral | $129.33B | 20.28 | 17.46% | ― | 35.96% | 122.67% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
50 Neutral | $237.06M | -1.82 | -91.95% | ― | -27.37% | 70.46% | |
48 Neutral | $4.05B | ― | -4.63% | ― | -3.45% | 82.49% | |
44 Neutral | $383.34M | ― | -24.39% | ― | 13.27% | -66.48% |
* Technology Sector Average
XIACY
Xiaomi Corp. Unsponsored ADR Class B
24.35
2.77
12.84%
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261.05
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0.35
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.